This story was republished with permission from Crain’s Chicago. Cannabis stocks got crushed the day after a recreational-use referendum failed in Florida, which would have become one of the country’s largest markets for legal marijuana sales. Shares in Green Thumb Industries, generally the industry’s best-performing stock, opened at a 52-week low before recovering slightly. The stock […]
In a stinging rebuke to the $32 billion regulated U.S. marijuana industry – and to one multistate operator, in particular – Florida voters on Tuesday appeared to reject a constitutional amendment that would have legalized adult-use cannabis in the nation’s largest medical-only market. The Election Day setback also is a nightmare scenario for Tallahassee-headquartered Trulieve […]
For the first time, both the marijuana-reform movement and the $32 billion U.S. cannabis industry have little to fear on Election Day. In a historic first, both major-party candidates for president have signaled support for state-level marijuana legalization. And since both former President Donald Trump and Vice President Kamala Harris have signaled support for the […]
If approved by voters on Tuesday, new regulated adult-use marijuana markets in Florida and North Dakota – along with a medical cannabis market in Nebraska – could collectively produce $3 billion during the first full year of sales. Together, the markets are likely to reach $4.3 billion in marijuana sales by the fourth year of […]
News from: Drug Enforcement Administration, Massachusetts, Florida, Tryptamine Therapeutics and more. The Daily Hit is a recap of the top financial news stories for Wednesday, October 30, 2024. On the Site DEA begins picking witnesses for December cannabis hearing NCIA confirms it is among those approved to speak at the hearing. Read more here. Massachusetts […]
With early voting well underway in Florida, the fate of the state’s Amendment 3, which would usher in recreational cannabis sales for adults 21 and older, is being decided. But questions linger about the measure’s timeline and how Gov. Ron DeSantis’ administration will approach what could become the nation’s third-largest cannabis market, if the measure […]
(This story was updated on Oct. 8 with information about potential layoffs.) The CEO of California’s largest cannabis delivery service, Eaze Technologies, said its parent company is winding down operations and new ownership will determine if the business continues. “Stache LLC will be winding down operations, with the full closure expected to take place on […]
